Page 231 - Crypto News Today

Efforts to put guardrails on the cryptocurrency industry after the collapse of FTX and other exchanges last year have gone nowhere as lawmakers focus on other issues.

The convicted FTX founder once stood for crypto’s potential primacy over traditional finance. Now, he represents its deflated ambitions.

The bitcoin price topped $35,000 per bitcoin late last month, up more than double from where it began 2023...

Sam Bankman-Fried was found guilty of seven counts of fraud and conspiracy. Reporter Jacob Shamsian explains how the former crypto billionaire fell.

Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchanges abrupt collapse in November 2022. He has pleaded not guilty.

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"Sam Bankman-Fried thought that he was above the law. Todays verdict proves he was wrong," U.S. Attorney General Merrick B Garland said in a statement.

Prosecutors said Bankman-Fried's laid-back demeanour combined with his cultivation of a responsible image concealed his years-long embezzlement of FTX customer funds.

Bankman-Fried faces up to 110 years behind bars following guilty verdict.

Trading volume is weak on declining volatility. Loss is far narrower than forecasts.